- The major Wall Street indices are trading in negative territory.
- Energy stocks suffer heavy losses after the opening bell.
- The CBOE Volatility Index (VIX) is up more than 7%.
After posting modest losses on Monday, the main US stock indices. they opened in negative territory on Tuesday. Reflecting the negative shift in market sentiment, the CBOE Volatility Index (VIX), Wall Street’s indicator of fear, has risen more than 7% on a daily basis.
At the moment, the S&P 500 is down 0.55% to 4,140, ​​the Dow Jones Industrial Average is losing 0.72% to 33,832, and the Nasdaq Composite is falling 0.55% to 13,831.
Among the top 11 sectors of the S&P 500, the Energy Index is down 3% pressured by a 1.7% drop in US crude oil prices. On the other hand, the defensive sectors, the Utilities Index and the Real Estate Index, both rose by around 1%, confirming the risk-averse market environment.
S&P 500 chart (daily)
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